Herc Rentals — Sale in Natl Stock Yd, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Natl Stock Yd, IL 62071
  • Year built: 1917

Photos

Herc Rentals — Sale in Natl Stock Yd, IL, photo 1 of 6
Herc Rentals — Sale in Natl Stock Yd, IL, photo 2 of 6
Herc Rentals — Sale in Natl Stock Yd, IL, photo 3 of 6
Herc Rentals — Sale in Natl Stock Yd, IL, photo 4 of 6
Herc Rentals — Sale in Natl Stock Yd, IL, photo 5 of 6
Herc Rentals — Sale in Natl Stock Yd, IL, photo 6 of 6

Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This is a single-tenant net lease investment opportunity at 1087 State Route 3, Fairmont City, IL, occupied by Herc Rentals, Inc. (NYSE: HRI), the 3rd largest equipment rental company in the U.S., priced at $5,770,000 with a 6.50% cap rate and $375,015 in NOI. The property sits on a ±5.06-acre site in the St. Louis MSA, featuring a ±16,867 SF facility built in 1996 and renovated in 2024 with $1.12M in improvements tailored to the tenant's specifications. The original 10-year NNN lease has 7+ years remaining, features minimal landlord responsibilities, 3% annual rent increases, and four 5-year renewal options extending through the mid-2050s. Located in the St. Louis, MO MSA (23rd largest U.S. metro, ~2.81M population), the property benefits from strategic adjacency to the St. Louis Metro Ports Network, prime multimodal access via I-55/I-70/I-64 and rail corridors, and proximity to St. Louis Lambert International Airport (~16 miles) and downtown St. Louis/the Gateway Arch. Herc Rentals acquired the former tenant, H&E Equipment Services, in a $5.3 billion merger completed in June 2025, and the parent company posted $4.376 billion in 2025 total revenue with 609+ locations across North America, underscoring strong corporate credit backing the lease. Investment Highlights: • •Corporate Lease with Herc Rentals, Inc | NYSE: HRI - 3rd Largest Equipment Rental Company in the U.S. • •Original 10-Yr NNN Lease | Minimal LL Responsibilities - 7+ Years Remaining | 3% Annual Rental Increases • •Former Tenant Acquired via a $5.3 Billion Merger - Herc Purchased H&E Equipment Services June 2025 • •Newly Renovated Facility | $1.12M in Improvements '24 - Built Out to Fully Accommodate Tenant's Specifications • •Strategically Adjacent to St. Louis Metro Ports Network - Most Efficient Inland Port System in the Country • •Ideally Located for Prime Multimodal Access - Quick Access to I-55/I-70/I-64 and Rail Corridors • •Proximity to St. Louis Lambert Int. Airport | ~16 Miles - Primary Airp

Market Context

This industrial in Natl Stock Yd, IL is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1917. Compare it against other industrial listings for sale in Natl Stock Yd, IL — view the full market.

Contact

Explore this market

Similar Industrial Property for Sale in Illinois